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Apparel and accessories

Safilo to cut 700 jobs, turn consumer-facing and digital as loss of $220M LVMH business stings

December 10, 2019

Safilo has to reinvent itself after luxury brands take eyewear manufacturing in-house. Image credit: Safilo Group Safilo has to reinvent itself after luxury brands take eyewear manufacturing in-house. Image credit: Safilo Group

 

By Staff reports

Safilo Group, an Italian eyewear giant that makes sunglasses and frames for some of the biggest names in luxury, is initiating a major restructuring plan after the loss of its LVMH licensing business.

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  1. Luxury Women to Watch 2017
  2. Capri Holdings closes Versace divestiture
  3. Dolce & Gabbana debuts Devotion fragrance film
  4. Legendary architect Frank Gehry dies at 96
  5. Moncler returns to the slopes for Grenoble campaign
  6. Ruinart reveals annual Carte Blanche creative collaboration
  7. Gucci revisits archival looks in pre-fall campaign
  8. US lowers tariff on Swiss imports to 15pc
  9. Dior reinvigorates Miss Dior with latest floral romance
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